The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.3 - Other passenger land transport
760 jobs Number of planned job losses
Announcement Date
2 May 2018
Employment effect (start)
Foreseen end date
1 January 2022
Description
On 11 January 2018, local transport company GTT (Gruppo Trasporto Torinese), partly owned by the Piedmont region and the Municipality of Turin, announced its new industrial plan, which is excpected to save the company from bankruptcy. The plan envisages a significant worforce reduction in a four-year period through the retirement of 500 employees and 260 dismissals. The decision was confirmed by the company on 2 May 2018. In the meantime the trade unions stated that the plan is 'inadmissible' and organised a strike on 8 May to protest against the decision.
Sources
12 January 2018: La Stampa
3 May 2018: Il corriere della sera
14 January 2018: La Stampa
Citation
Eurofound (2018), GTT (Gruppo Torinese Trasporti), Internal restructuring in Italy, factsheet number 94284, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94284.
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